SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 30, 2003
-----------------
ONE LIBERTY PROPERTIES, INC.
----------------------------
(Exact name of Registrant as specified in charter)
Maryland 0-11083 13-3147497
------------------------------------------------------------------------------
(State or other (Commission file No.) (IRS Employer
jurisdiction of I.D. No.)
incorporation)
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
-------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code 516-466-3100
------------
Item 5. Other Events and Required FD Disclosure.
On December 30, 2003 the registrant redeemed all of its outstanding
shares of preferred stock. Attached hereto is Exhibit A, a press release
announcing the results of such redemption.
On January 5, 2004 the registrant announced that it had applied for
listing of its common stock on the New York Stock Exchange and that trading is
anticipated to commence on January 15, 2004. Annexed as Exhibit B is a press
release announcing the filing by the registrant of the application for listing
on the New York Stock Exchange.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned officer thereunto duly authorized.
ONE LIBERTY PROPERTIES, INC.
Date: January 5, 2004 By: /s/ Simeon Brinberg
-----------------------------------
Simeon Brinberg
Senior Vice President
EXHIBIT A
ONE LIBERTY PROPERTIES, INC.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132
www.onelibertyproperties.com
ONE LIBERTY PROPERTIES COMPLETES REDEMPTION
OF PREFERRED SHARES
Great Neck, New York - January 5, 2004 - One Liberty Properties, Inc. (ASE:OLP)
today announced that it has completed the redemption of all of its outstanding
$16.50 cumulative convertible preferred stock. Of the 648,058 shares of
preferred stock outstanding, 509,185 shares were redeemed for a total
consideration of $8,401,552.50 and 138,873 shares of preferred stock were
converted into 114,539 shares of common stock. The conversion ratio was .825 of
a share of common for each share of preferred stock converted.
One Liberty Properties is a real estate investment trust which owns a
geographically diversified portfolio of retail, industrial, office, movie
theater and other properties, a substantial portion of which are under long term
leases. Substantially all such leases are "net leases", under which the tenant
is responsible for real estate taxes, insurance and ordinary maintenance and
repairs.
Contact: Simeon Brinberg - (516) 466-3100
EXHIBIT B
ONE LIBERTY PROPERTIES, INC.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132
www.onelibertyproperties.com
ONE LIBERTY PROPERTIES TO LIST ON
NEW YORK STOCK EXCHANGE
Great Neck, New York - January 5, 2004 - One Liberty Properties, Inc. (ASE:OLP)
today announced that it has applied to list its shares of Common Stock on the
New York Stock Exchange (NYSE). The Company anticipates that trading on the NYSE
will begin on Thursday, January 15, 2004 under the trading symbol "OLP". One
Liberty's Common Stock will continue to trade on the American Stock Exchange
until that date.
"We are pleased to welcome One Liberty Properties, a real estate investment
trust, to our family of listed companies, where it will trade alongside 2,700 of
the world's best companies," said NYSE President and Co-COO, Catherine R.
Kinney. "We look forward to providing an excellent market and a high level of
service to One Liberty Properties and its shareholders."
"We consider this a significant milestone for our Company and its shareholders"
said Jeffrey Fishman, President and CEO of One Liberty. Mr. Fishman noted that
the listing of the Company's Common Stock on the New York Stock Exchange will
provide its shareholders with an excellent trading environment and a platform
with greater liquidity and transparency. He further commented, "We look forward
to the increased exposure and presence associated with a listing on the New York
Stock Exchange."
One Liberty Properties is a real estate investment trust which owns a
geographically diversified portfolio of retail, industrial, office, movie
theater and other properties, a substantial portion of which are under long term
leases. Substantially all such leases are "net leases", under which the tenant
is responsible for real estate taxes, insurance and ordinary maintenance and
repairs.
Certain matters discussed in this press release are forward looking statements
that are subject to risk and uncertainties that could cause actual results and
outcomes to differ materially from those projected.
Contact: Simeon Brinberg - (516) 466-3100